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are big business across this country because -- come on, if you're a company who sells stuff? supermarkets, wouldn't you want a big, shiny floor ad like this one? a couple of years ago, a floor ad mysteriously started losing top clients. they didn't because people didn't want floor ads anymore. come on, they started losing clients because a rival company in the industry was starting to lose their clients. floor graphics was a small firm in new jersey, but a big players entered the arena, a big player with a bigger corporate parent, a company you may have heard of, news corp. news corp. had a u.s.-based company called news america marketing that was already involved in the supermarket advertising business but really wanted in on the awesome floor ads. the only problem was this small new jersey company, floor graphics, was dominating the market. you say problem, news corp. says opportunity. news corp. set its sights on taking this little company down. they had the right guy to do it, according to a fortune magazine profile, crushes a rival's skull with a baseball bat. who better to take down
on to as a pass towards raising the debt ceiling. i'm sure that was an edified discussion for their big senate plan, which the president likes, but it is not the president and the senate who need to get together to decide this thing. it's the president and the senate and the drunk kids at the other end of the building who are setting their barbies on fire and cooking metal in the microwave until it explodes. watch it burn! watch it burn! honestly, time for a reality check here. house republicans are not trying to drive a hard bargain and get the best deal possible. house republicans do not want to raise the debt ceiling. for anything. they would please not like to raise the debt ceiling. they would like to go into default, thank you very much. house republicans have been actively making that argument for weeks now that hitting the debt ceiling, oh, that won't hurt a bit, who cares? republican congressman mo brooks of alabama told the washington post this week that on the contrary, all credit rating should be improved by not raising the debt ceiling, which is like saying you're looking forward
of the substance of the proposal, it's too big. there is no time to get something this big done before the august 2 deadline. it literally cannot be passed through the senate in time even if everybody likes it. the other rainbow/sunshine problem here is the president and the senate agreeing on this or anything doesn't get you further towards raising the debt ceiling, it's not just the president and the senate, it's crazy town down the hallway too, it's john boehner's republican house, that likes the idea of the nation defaulting, that thinks the explosion of the economy might be pretty or at least warm for a second. they are not looking for a good deal or achieve particular policy objectives, regardless of what they get, they are not going to vote to raise the debt ceiling. the republicans who are running for president from the house of representatives, for example, are not saying don't raise the debt ceiling unless, don't raise the debt ceiling until, they are saying don't raise the debt ceiling at all. let's see what happens. this is how republican congresswoman michele bachmann's first president
known and they talk about it a lot in the market, and is it getting big r bigger. >> the last time we heard about it is when he bought the "wall street journal," and they said that buying into the troubled newspaper sector is a bad idea and now newspapers like "news of the world" are shuttered and parts of the business and analysts love fox news and fox network and bskyb who he wants to own the rest of it which is off of the table now because of to scandal, but if they can concentrate on the high performing assets, they are okay in the long run. news corp is not going to allow the company to be hurt in the long run, but the newspaper division, clearly wounded. >> and they could have problems going forward, because yahoo!'s daniel gross did an interesting column on this and he said that the hit to the credibility will create a different freedom for working there and harder for places that the murdoch companies own to hire good journlgists, because to get them to come over after this is that you will have to pay them extra, and more to sort of deal with the reputational problems of the
the two minnesotans continues. tim pawlenty went after michele bachmann. >> there's a big difference in talking about things and getting them done. >> this is the third day in a row where we have seen tim pawlenty heat up in his rhetoric against michele bachmann. it's clearly trying to set up the two of them as they go mono on mono for this straw poll. what is interesting, there was a republican debate before the straw poll that takes place in iowa. so instead of everyone going after mitt romney, it's clear that there's going to be a little mini debate going on. all of that in the shadow of what is going on with rick perry and chris christie showing up. lots to go through. we're going to get to that later in the show. let's get to the big story. there's one week left to raise the debt ceiling. two sides feel like they are farther apart than ever. serving on the budget committee, senator, let's start with what is on the table. can you support harry reid's plan as it stands right now in the united states senate? >> no. but i don't think that we're that far apart, chuck. if you take the
republican presidential candidates have money problems. >> and big money, big problems? >> gop fund-raisers staying on the sidelines. >> for mitt romney it's 70% maxed out contributions. >> is newt aware he's running for president? >> the arrests continue as the british police close in on rupert murdoch's media empire scandal. >> every day we're seeing more inconceivable things happen. >> abandon ship. in the last 24 hours there have been two high level resignations. zo london's top cop. >> rebekah brooks was released on jail. >> rupert murdoch is supposed to face the scandal head on tomorrow. >> all eyes are trained on parliament tomorrow. >> they're cutting short a trip today to south africa. >> when is he going to do the decent thing and resign? >> congress now has 15 days to pass a bill to raise the debt ceiling before the united states government goes into a catastrophic default on august 2nd. today harry reid announced the senate will meet every day until the debt ceiling is raised. yesterday david rogers of politico discovered and reported that house speaker john boehner and
evening will be a big vote. the specific times aren't set, but we're into a series of days where these vote showdowns will be more and more important. a lot of the strategy will go behind the scenes. account various sides wrangle people to get them to their side? this will not be easy for either majority leader reid or boehner. >> kelly o'donnell for us, thank you. >>> joining me is congressman henry coyer and adam kinninger. gentlemen, good morning. congressman claire, the president asked the american people to call their congressmen, and we understand that some sites crashed, we're hearing that the server for the house is still down. what are you hearing? >> we're hearing from our constituents to make sure we don't have a default. we have to find a solution in a bipartisan way. i know there's two competing interests here, but i'm hoping that we get together and work something out. >> obviously congressman kinninger, a number of your colleagues said they would not support john boehner's plan, so i'm wondering if you will. >> well, i'll let every one of my colleagues speak for th
on this block. ben's a re/max agent, and he's a big part of this community. re/max agents know their markets, and they care enough to get to know you, too. nobody sells more real estate than re/max. visit remax.com today. ♪ [ cat meows ] ♪ [ whistles ] ♪ [ cat meows ] ♪ [ ting! ] [ male announcer ] travelers can help you protect the things you care about and save money with multi-policy discounts. are you getting the coverage you need and the discounts you deserve? for an agent or quote, call 800-my-coverage or visit travelers.com. and started earning loads of points. you got a weather balloon with points? yes i did. [ man ] points i could use for just about anything. ♪ ♪ there it is. [ man ] so i used mine to get a whole new perspective. ♪ [ male announcer ] the new citi thankyou premier card gives you more ways to earn points. what's your story? citi can help you write it. >>> no shocker here. david wu is calling it quits. the oregon representative will resign over allegations over a sexual relationship with an 18-year-old girl. he will not make it official until the debt cei
with your life. >> it's big business coming into the country hidden in unbelievable ways. what's the strangest thing you've seen in heroin smuggling? >> it has to be the liquid heroin inside the puppies. >> and a controversial heroin overdose antidote. you'll see it bring a user back from the edge of death. >> there he is. back from the dead. >> heroin, a deadly drug and a business that is still flourishing and recruiting new customers every day. our kids. >> i watched two of my friends die from it. >> the parents like to say it's not happening so we close our eyes and kids continue to die. >> heroin is one of the most addictive drugs known. it's cheap. it's easy to get. once a user is hooked, it can be for life. for the drug traffickers who deal in it, it's a hugely profitable business. heroin use is a major problem in the northeastern u.s. and the federal drug enforcement agency is working hard to do something about it. we rode along with the dea in new jersey as undercover agents hit the streets in search of heroin. it didn't take long. >> the surveillance team is all set up
." big developments expected on the debt ceiling debate. john boehner hopes to unveil a new deal by 4:00 p.m. this afternoon. mike viqueira has more. good sunday morning, mike. >> reporter: well, good morning to you. crunch time in washington after talks in the white house blew up between republicans and president friday night. congressional leaders and staff have been scrambling to find a way out of the mounting crisis and of course, there are nine days to go before the first possible default in u.s. financial history and government history. leaders hope to announce at least later today the framework for an agreement. and they're doing that in part to soothe worldwide market jitters that many of the markets open late today eastern time around the world for monday openings and there's a great deal of concern an adverse effect. john boehner has a proposal on the table. leaders huddled last night to look at it. call for $1 trillion in cuts but dealing with major questions, the most volatile questions that we've seen, including cuts and changes to social security and medicare, and what t
to our financial markets. >> that is a big statement. house democratic leadership team coming out saying that. the house has rejected the 14th amendment solution. but we're still six days out. for leaders like mr. clyburn to go down that road gives the president some pretty good cover and a pretty good idea. the president doesn't want to overreach, but his base would love it. it's going to wipe out any discretionary cuts that would hurt low and fixed income americans. get your cell phones out, i want to know what you think. should the president invoke the 14th amendment to resolve the debt crisis? text a for yes, b for no to 622639 and can you always go to our new blog at ed.msnbc.com. >>> joining us now is donna edwards ofç maryland. she's a member of the progressive caucus. congressman elliott engle, jared nabler are holding a press conference to urge president obama to use the 14th amendment as a backup option. would you join those folks tomorrow? what do you think about the 14th amendment option right now? the white house has said repeatedly no, but the game could change. what do y
with the speaker of the house was a big deficit reduction package that wouldn't have a supercommittee. we would have done it right now. that wasn't possible. the speaker of the house pulled by the right wing of his party, walked away from it. but the president's going to be committed over these next few months, as i think members of congress need to be as well, that we need to finish the job here, and the way you're going to finish that job is to have a balanced deficit reduction package that doesn't harm the economy. >> let me ask you some other pressing matters. i've spoken to top figures on wall street who say this is a code red day, all hands on deck, preparing for a market shock as early as tomorrow. what is your message? what is the president's message to investors around the globe this morning? >> well, i think it is that we have to get this solved. today is obviously a critical day. we have to give confidence that there is a pathway to make sure that we both reduce the debt ceiling, and let's not underestimate the deficit reduction is an important part of this, so i think -- >> but that
is anything more than a big wet kiss to the right wing, and -- and i mean the tea party. that's who i mean. it's too bad his caucus is being run by such a small number of people. >> what will happen between this very moment and a potential vote tomorrow is anyone's guess in the town that is washington, d.c. amid all the bickering and tinkering, the nation is just six days away from a first ever general default, and the treasury reiterating in a statement moments ago there is no guarantee the government can meet all its obligations after an august 2nd deadline, so what are the remaining options for our dysfunctional government? nbc's kristen welker is at the white house and let's also bring in luke russert on capitol hill. kristen, we know both sides are crafting their budget deals, both trying to take the high road, but are there any signs that the differences between the two sides are narrowing, and does it seem as though they may conflate these two plans? >> reporter: well, at this point we don't have any indication that they are going to conflate the two plans. we should say there are, of c
's go now to washington. it's big news inside the beltway today. the latest debt deal broke down last night, but in just less than two hours now, lawmakers are iffing to be back at the white house to restart negotiations. the talks fell apart last night when john boehner walked away from the table blaming the white house for the failure. well, the president pointeded a finger at the gop. the two appeared at back to back news conferences. >> it is hard to understand why speaker boehner would walk away from this kind of deal if it was unbalanced, it was unbalanced in the direction of not enough revenue. the sdmroo the white house moved the goal post. there was an agreement with the white house and $800 billion in re new. it's the president who walked away from his agreement and demanded more money at the last minute. >> well, joining me now nbc white house correspondent mike vicara. good morning to you, mike. what is the big sticking point here? how did things go wrong so fast, or is that only our perception of it? >> yeah, you know, you are absolutely right. it just collapsed. these te
. >>> the big business of gay marriage. one day before same sex couples tie the knot in new york, how some companies are planning to cash in. >>> good morning, everyone. i'm alex witt. welcome to msnbc saturday. we have two developments in two deadly attacks carried out in norway that left 91 people dead. police have one man in custody suspected in both attacks. one was a bomb set off in downtown oslo, and the other happened not long after when a gunman went on a shooting spree at a teen summer camp at an island outside of oslo. martin fletcher joins me on the phone from oslo. martin, let's talk about what police are revealing about the suspect. what do they know? >> reporter: well, alex, he's 32 years old, and he's a norwegian. interestingly on his facebook page he updated his facebook page just a week ago, and on that he called himself a conservative and he called himself a christian and he said his favorite hobby was hunting. so this paints a picture of a man who seems to be -- well, how can you describe such a person? radical of some kind. the police are saying it looks like it was the
's going to play pretty big hardball on this to borrow a phrase, chris. seems to me he really is boehner's back. not just having boehner's back today or boehner's back tomorrow, but he's going to have boehner's back. the question is, can harry reid pry away seven or eight republicans to work with him? where does that happen? at this point i don't think you'll see any movement on a deal publicly, at the earliest, not until sunday. >> is the real fear not that there's a second effort to cut spending a bit more, but the second part of this spending cuts which would come at the end of this year, the vote on that, would actually cut to the bone. go after entitlements, medicare, after things the democrats treasurer jer is that the big fear? i think pelosi, former speaker, now democratic leader, was alluding to that in her very strong statement against the boehner plan tonight? >> reporter: that is one fear. you talk to democrats familiar with the way these negotiations have gone, and they'll say, look, this first $1.2 2r8 trillion, the first round ever cuts they have in their plans are almost
version of the boehner big does -- or if they go to an emergency extension, the president will be right back in the same predicament he's in right now. i think a lot of people are upset. they blame the republicans more than the democrats for the gamesmanship, but the fact is the republicans have also backed the president into a corner, even if they're doing it in a way that's not popular. >> i want you to analyze they two possibilities, one the president could give away more of the store, more spending cuts, maybe enough to get us thus this increase. which would make the redhots happy. no tax increase at all. the other possibility is to marry what boehner wants right now with what mcconned was talking about next year, where next year it can be are can be raised by the president, only the house would have to come back with a two thirds veto, so it seems there is a possibility for compromise, but the easiest thing is for the president to throw the whole bomb game, say, you win this year, not next year. >> i don't think he can do that, chris. when you get to a number that big, to an increa
to agree on something balanced as long as it's big. in the house r there are republicans ideologically opposed to anything that increases revenue. now all the government deficit projections are based on the idea bush tax cuts expire for everyone, according to current statute, the end of next year. if you regard not only any change in the law that reduces the deficit as unacceptable but any failure to change the law is also unacceptable, then it's going to be very hard to pass anything through the house other than perhaps the mcconnell plan, without the savings in it. >> we're hearing from harry reid using the phrase, "time is of the essence," hearing that over and over again and taking us to the brink. do you get the feeling we are actually inching any closer to clenching a deal? >> i think the mcconnell proposal, with some savings we can all agree to, may very well end up being the package. it's very important to the president we have a 3.5, 4$4.5 trillion package. woe may not in this short time agree to more than a $5 million down payment and vague creation of commission goals, state
to other states and has been trying in a very big way of spreading the gospel of making it harder to vote all across the country. not just in kansas, but everywhere. earlier this week chris coback wrote urging politicians in other states to do what he and sam brownback have done in kansas, the case republicans broadly make for the urgent need for these new make it harder to vote laws is that voter fraud is wide spread across the country and a real threat. as evidence, there were 221 incidents of voter fraud reported in kansas between 1997 and 2010. seven of which yielded convictions. that's the evidence. 13 years, 7 convictions. convictions? detailed in a report from mr. coback's office in kansas. they consist of the following. one instance of electioneering, so campaigning too close to a polling place and six incidents of double voting, people voting in kansas or another state or two different counties in kansas. again, the seven convictions that are evidence to make voting harder is one case of electioneering and six cases of double voting. here's the thing, whether or not those seven c
big? what would you get rid of? >> i was one of the folks last week who introduced an amendment that said, let's at least freeze defense spendsing. it's not a very popular thing for a republican to do. i like defense, it's important to me. we only got 65 democrats and only 70 republicans. i'm willing to put everything on the table to be serious about spending reductions. >> what do we do about the big entitlements that go through the roof as people get older and older. you can't limit the number of people turning 65 by law. how do you deal with the cost increase? >> let's start by being honest with ourselves. i think the president did that this week. if you read his veto message about cut, cap and balance, he says the only reasons he opposes a balanced budget amendment is that it prevents us from keeping our promises to the seniors. what he's saying is what we have been telling folks back home, you cannot balance the budget without changing medicare, medicaid and social security. you simply can't do it. the folks back home tell you they want a balanced budget amendment. >> but t
this thing? this big cut, cap and balance has nothing in it. i had a hunch it wouldn't be in there. i did something that nobody is doing in your house, in the republican side, reading it. there are no cuts here. where are the cuts? >> senator coburj introduced a plan -- >> it's not the coburn plan. it's the bumper sticker. >> the house has a plan. >> why do you keep saying this? >> chris, chris -- >> have you read it? >> no, i haven't read it. >> how do you know there's something in there -- i'm reading it right now and -- >> at least you're holding on to something. this is the president's plan. it's vapor, there is no plan, because there's no leadership. >> todd, the president's plan outlines $4 trillion in cuts over the -- >> there is no plan. >> that was a hostage video, and he is being held hostage by the tea party republicans. >>> let's go to the outlet pass as they say in football. president clinton has weighed in. he writes, quote, clinton says he would invoke the so-called constitutional option to raise the nation's debt ceiling, quote, without hesitation and force the courts to s
writes, get this, $80 million different checks. for everything from big ticket items like social security, veterans benefits, and nondefense contracts, to smaller payouts, to folks who are, for example, victims of black lung disease, or people who are railroad retirement board pensioneers. it's 80 million checks every single month. and, again, only about half the money they'll need to make good on all of those payments. so what does treasury do? who gets paid? who doesn't? laid out a possible scenario in which the treasury department only pays the following bills in august. interest on our debts, social security benefits, medicare and medicaid, defense contracts, and unemployment benefits. just paying those bills, just those, not everything we owe, just those, brings us to about $172 billion. which if you'll remember is all the money that they will have on hand. if only those programs get paid, here, my friends, is what doesn't get paid. military pay for active duty soldiers, veterans affairs programs, salary and benefit for federal employees, department of education, food services for lo
at the white house, there were eight. it came out in the open at one point that group was too big. even eight of the top congressional leaders, too unmanageable and too unwielding. harry reid and nancy pelosi, and mitch mcconnell from the senate and john boehner who has been the president's chief interlocker over the several weeks. the question is can they pick up the pieces after the deal crashed and burned, the so-called grand bargain last night? ak moneyy back and forth. the president accusing house speaker john boehner of not returning telephone calls. the target is always moving, and moving the goalpost particular eye the issue of taxes, alex. john boehner said we had an deal on $800 billion in revenues. similar to analogous to taxes in washington speak. over the course of ten years, i've got more on my blackberry at this moment. the president came back to the republicans earlier in the week after getting an earful from democrats after seeing a rival plan emerge in the senate that had higher tax revenues. they blame that for kind of messing this whole thing up, fouling up the whole deal,
to happen here with rupert murdoch and his son james tomorrow? >> well, that is certainly, that is the big question. and rupert murdoch and his son james, and rebekah brooks, who are appearing before the select committee have to be so careful, and so careful in fact, that rupert murdoch's biographers saying he is in rehearsals and being coached by aides and he is walking a fine line, because on one hand, he is under oath, and so like he and his son and rebekah brooks, they can't lie. if they do lie, it is a crime. so they have to be careful what they say. they can't mislead this group, but at the same time, they don't want to give too much away either, because this is such a reprehensible difficult and negative story that any facts on how to what extent the criminality of how far it went up the ladder at any of the companies as the facts come out, it could well, we could well see a drop from the bottom just out of news corporation. today, already, tamron, we saw a 5% jump in news corp stock in australia. so that the wheels of this amazing story just keep rolling along, and you mentioned in
that she could catch fire. look, when you start this thing, when you win iowa, if you win iowa big, that thing starts rolling through new hampshire and south carolina, it's over in weeks. i agree 100%. >> how was she going in philadelphia suburbs? how is she going to do in the i-4 corridor and in wisconsin? how is she going to do in new mexico, arizona? i would suggest, with swing voters not well at all. >> there's no doubt if you nominate michele bachmann, it's an enormous risk. the only conditions, i think, under which i believe she could win the presidency, if people say, if they did in 1980, i don't care, i'm taking a chance with this guy because what we got we can't stand, you get 9% or 10% unemployment, two more years, this country is ready for a lot of change. more "morning joe" in a moment. with the hotels.com 48-hour sale, the possibilities are endless. interesting... save up to 50% this tuesday and wednesday only. hotels.com. be smart. book smart.  finally, there's a choice for my patients with an irregular heartbeat called atrial fibrillation, or afib, that's not cause
're going to see something between the reid and boehner plans, the big difference is the boehner plan forces us to raise the debt ceiling again and forces us to accept a $1.8 trillion or more in cuts from the so-called super commission, and if we don't do it, we go through another crises. also a vote on the budget amendment. i think you could get something more rationalal to incentivize another plan down the road and have something with enough pressure coming from the markets, both parties could vote for. >> you make it sound like if reasonable people had a conversation about this there might actually be a solution, so thanks for being on and talking with us today. >> glad to be here. >> that was ezra klein, columnist for "the washington post" and bloomberg and also an msnbc policy analyst. thanks so much. >> thank you. >> now, ask yourself, would you -- no, not you, nancy. would you want john boehner's job right now, trying to placate a gaggle of angry tea partiers and stave off an economic calamity at the same time? i suspect there are moments even he doesn't want this job, but he's got it
, people of the big banks were summoned to the meeting at a federal reserve bank here in new york and cnbc's bertha coombs has details for us. >> investors who buy u.s. treasuries buy them through banks, and this morning the treasury asked those bankers and dealers who help to sell the treasuries to investors to come in and talk about the situation as the debt ceiling limit looms. it was a regularly scheduled meeting, because on wednesday is normally the day that the treasury would announce the next action of debt, but obviously, that comes after the deadline. from bankers we talked to and senior treasury officials, they didn't really outline any contingency plans about what would happen if the debt ceiling deadline is not extended. a number of bankers have told me they anticipate what would happen is that those debt auctions would likely be postponed. we saw it happen back in 1995 when the government was shutdown. it was postponed for several weeks in terms of the auction, because essentially, if the government doesn't have the authority to increase that, then the treasury can't issue mor
anywhere between 80 to 100 members who are saying no. the road to 216 really becomes a big story if this is the deal. >> luke russert, thank you for telling it like it is. >> take care. >> for more on where the debt debate stands, check out the white house with david plouffe. it will reair on "meet the press" on 2:00 p.m. right here. >>> the chairman of the joint chiefs of staff admiral mike mullen told soldiers in kandahar if talks fail they still have to fight but might not get paid. >> plenty of you live paycheck to paycheck if paychecks stop, it can have a devastating impact pretty quickly. >> and then there at camp leather neck, mullen told marines, all services face cutbacks in size and possibly as well in military benefits. >>> as you heard from nbc's luke russert, the reaction is mixed on capitol hill to reports on the white house that the gop has reach aid deal. with signs of dissent on the left and right in the house of representatives. joining me now is eddie berniece from texas. good morning. where do you stand on things this morning? what are you hearing overall? >>
is it shows that the united states system is not set up to do big things. when a crisis like this comes up they cannot do a deal that would show stability to the world. >> ronald reagan and tip o'neal made big deals. in the 1990s, bill clinton and the republican congress made big deals. and mika, it's not over yet, but it has gotten to the point already that this is damaging the reputation of the united states the longer it goes, and i think we're talking about it damaging our reputation more every day that the crisis goes on. >> i think both sides would agree with that. after a weekend of meetings resulting in yet another impasse, president obama is canceling two fundraisers today to continue negotiations. senate majority leader harry reid said the talks broke down last night because of the republicans insistence on a short-term deal, and their plan would cut $2.7 trillion over the next ten years. officials say it raises the debt ceiling but no tax increases. and he salaid out his latest solution. >> there will be a two-stage possible. it's not physically possible to do this in one step.
some big structural changes to how things work. giving them credit for that. what they say really derailed this is when the gang of six came back. that group of bipartisan senators working for months on their own deal. they were considered to be own the side lines. they burst back on the scene tuesday with a package that differs from what the white house and speaker boehner had been talking bp gop aids say then the white house pulled back. and began to change its demands and change what it wanted. so speaker boehner is saying yes, the white house was willing to change the tax code but then came back and wanted to do things that would have left the possibility for cuts in some of the spending. but not the kind of package that they had talked about. basically it gets complicated. i won't go into all of the weeds but they walked us through many steps of where they say the white house pull pulled back app at that point they felt they had nowhere to go. for example they talked about having a change in the tax code cho would lower rates. after the gang of six they said the wlous no long
house back to the table, back to talking about something big. now, look, we still got a long ways to go. it's a weekend of sales jobs going on right now that actually began last night when the president had the congressional democratic leadership over to start talking turkey. so that brings us to the other sticking point, the actual substance. everybody has to figure out what to cut. this isn't going to be as easy as folks think and both sides are moving toward a deal that would include a trigger to assure mutually destructive politically when it comes to the two big items being kicked to committees or joint committees and that's still being figured out, tax and entitlements. one incentive plan would kill bush tax cuts for the rich and key portions of the new health care law if somehow the reforms for the tax code and social security and medicare weren't agreed to and implemented by january 1st, 2013. the question is, is the penalty on the bush tax cuts sort of the idea that you're kicking this down, is that going to be enough to assuage some democrats who believe there's too many cuts
of people the mother company hopes to pay back. >> failure is not an option. we will be writing them a big check and i will say mother company! we did it. >> while ern might not be in a group of people where they have $1,000 to spare, there's something to be learned from this piece about going to people who understand your business. let's turn to this week's board of directors. we have the founder, president and ceo of count me in for women's economic independence. and larry chang is a managing partner at va ligs capital. >> great to be here. >> it's an interesting piece because both of you deal a lot with funding small companies. what i loved this woman turned down millions of dollars she was selling stuff on craig's list and turning down money at the same time. it turned tout be a great idea. >> love the fact she followed her i think stingts and said the professional investors are not for me. i'm going to find advocates for my company. >> a lot of people do this in maybe not organized a way as she has, it is angel funding it's friends and funding she had to look around for more friends a
's an empty piece of paper and you're bragging about this thing? this big cut cap and balance has nothing in it, and i was amazed. i had a hunch it wouldn't be there. got copy of it. actually did something nobody dmog your house, in the republican side, reading it. there are no cuts here. where are the cuts? it doesn't say anything. go ahead. >> senator coburn introduced a plan that was extraordinarily detailed. >> it's not coburn plan, todd. >> it's the bumper sticker being voted on. >> the house has plan. coburn has a plan. >> have you read this, todd? have you read this? have you read it? >> no, i haven't read it. >> how do you know you're saying there's something in here and i'm reading it. >> at least you're holding on to something. this is the president's plan. right here. this is it. nothing. it's vapor. there is no plan, because there's no leadership. period. >> the president's plan outlines $4 trillion in cuts. >> there is no plan. >> to the speaker's credit, she being held hostage by tea party republicans. >> let's go to the outlet as they say in football. the outlet pass. forme
a stumbling block along the way to a potential big agreement. they've been negotiating all along behind closed doors. alex wrshs. >> okay. thank you very much, mike. see you next hour. >>> well, this week's nbc news-wall street journal poll found a majority of americans are worried about the effects of not striking a deal soon. 55% of voters say it is a real and serious problem if they fail to raise the debt limit. 18% say it would not be a problem. i'm joined now about nbc's deputy political director mark murray. good morning to you, mark. >> good morning, alex. >> as we look at that poll, most americans want to see something get done. why can't washington make this happen? >> well, according to our poll, alex, almost all americans want some type of compromise, but not everyone does. overwhelming majorities of democrats and independents say they want democratic leaders to compromise. also, an overwhelming majority of political independents want republican leaders to comp midz. the exception? a majority of republican respondents want their republican leaders to hold their ground and stick thei
policymakers who are making very bad decisions or no decisions at all. their big concern is the unstable policy climate will continue to put the roadblocks to allow the self-employed community to achieve and grow past this current economic climate. >> so how is that affecting the way they're running their businesses right now? >> everyone is running their business very hesitantly. they're very cautious about the decisions they make because so much is up in the air regarding policy whether it be tax policy, health policy. dealing with the national debt right now. balancing the budget. there's just a big concern about the regulatory environment. and they're cautious about the way they're growing and spending money. it's making it very difficult for people to get through the economic downturn. >> does it feel like it's different than it was a couple of years ago? >> it is. our members are saying that it's worse. that the political climate is so much more worse these days. that people are putting politicians over policy and making good decisions for our country. there's a big concern about the inst
in the senate, even as house republicans double down on symbolic spending cuts. the big breakthrough coming from the newly resurrected gang of six, a plan to reduce deficits by nearly $4 trillion in the coming decade. president obama championed the plan tuesday, and it emerged with the support of 49 senators on both sides of the aisle. house republicans, on the other hand, spent all day tuesday debating, and last night passing a cut, cap and balance, ccb proposal, that has little or no chance of surviving in the senate. senator chuck schumer described it today as dead on arrival and faces the promise of a veto if it were to reach the president, and despite digging in their heels against new ref gnaw and in favor of more spending cuts tea party walsh had a hard time explaining what cuts were in the house bill. >> why doesn't it name the cuts? >> it calls for $111 billion in cuts, chris. >> where? >> in the bill. >> you've criticized the president for not having a plan and you don't have one. >> all right. we're joined now by nbc's luke russert who covers capitol hill and nbc's mick viqueira at th
're paying lip service, richard, at a very minimum, asking for that big deal, that grand bargain that we've heard so much about, and the president says he's still pressing for it. his omb director, budget director jack lew, had something to say about that this morning as well. >> he wants the largest deal possible. he wants to do the most we can to reduce the deficit. that would be the right thing to do for the american people. he made it clear he's willing to go into areas that he's not in the past been comfortable going into. i think that one can see a path to getting well over a trillion on things that we should be able to agree to. >> so richard, we're essentially in a holding pattern here. what's playing out are politics within each conference and caucus on capitol hill between republicans and democrats, between house and senate. republicans for their part this week are going to push forward an amendment to the constitution requiring a balanced budget. they say this is what's needed. even if it were to be ratified, which is considered a long shot, obviously it would do nothing in th
with a balanced budget amendment. and it's going to be a big question mark as to how long mitch mcconnell will stay on that position and whether or not harry reid tables the boehner bill later today or tomorrow. there is no clear consensus on capitol hill over what they will do in order to raise the debt limit. there are ongoing negotiations between staffs, between mcconnell, reid, boehner all talking to some degree in unison. right now the gop wants to pursue the boehner plan which is a dead end in the united states senate. they're confident it's going to pass today. the rules committee meets at 12:50. john boehner said he was smiling as he left the meeting with his fellow members today, contessa. >> mike, let's go to you. we just found out from president obama's twitter page that he's even reiterating his request again for america people to call their lawmakers to demand a solution. the time for putting party first is over. if you want to see a bipartisan compromise let congress know. call, email, tweet and then he signs it barack obama. what's the white house hoping to accomplish by as
is not one of the big players in all of this. he has taken a role where he made is clear on the floor where he is fully supportive. he said what needed to be said. throw sug port there. but privately many other senators are telling us mccon sell working on a deal. mcconnell's aides say no, that's ce tnose things together, you get the sense where someone who thinks he can see the end game, thought i had it a while back and the opportunity for members of congress to disapprove a debt ceiling vote, which is part of the mechanics of hoop jumping legislatively is actually a plus for some tea party members who don't want to be on board right now. second ago, paul ducked under the camera to get to another location. he is another one i was thinking of. when you vote against the debt ceiling but give the president that authority that might be way for everybody to get what they want. it is of course too soon to see how it will factor out. but watching mix mcconnell, you will see someone who gets a sense of how things work and to see how he uses the power he earned all this time. >> chuck you first, w
or a sensation. any sense of that? >> the big story here, absolute absolutely. whether used as a mop. a ginger head mop. >> we'll have to leave it there. i'm matt miller in for dylan. "hardball" starting right now. >>> so what's the deal? let's play some "hardball." >>> good evening. i'm in for chris matthews tonight. leading off, deal or no deal. all day long there's been word that a deal between president obama and speaker john bane zer boehner is in the works to save the u.s. from default. pub lkly both sides are denying it. it's clear adults on both sides are trying to avoid default. how do you get to an agreement when pea tae tea parters are saying no deal with tax increases and democrats are saying, no deal without them? we crunched numbers and default would seem to affect almost every american home. >>> also, does michele bachmann have mi have migraines? may be debilitated for days at time or something we would have never mentioned about a male candidate? >>> how did an anti-american terrorist become so trusted by u.s. officials in afghanistan he was allowed close eno
is a big part of the reason why. before i served in congress, i ran a small business in ohio. i was amazed at;h$ow different washington, d.c. operated than every other business in america, where most american businesses make the hard choices of paying their bills and living within their means, in washington, more spending and more debt is business as usual. i've got news for washington, those days are over. president obama came to congress in january and requested business as usual. he had another routine increase in the national debt, but we in the house said not so fast. he was a president asking for the largest debt increase in history on the heels of the largest spending increase in history. here's what we got from that massive spending binge, a new health care bill most americans didn't ask for, a new spending bill that's more useful for producing material for late night comedians than jobs, and a debt that sparked a crisis without precedent in my lifetime or yours. the united states cannot default on its debt limitations. what we told the president in january was this, the american
the battle on a short term debt ceiling because we can't put together a big one in one week's time. and you noticed the president had no statement in there, "i will veto a short-term debt ceiling." what happened to that? >> he didn't have that. i was wondering if you would allow if you ear in the president's position or advisor, you advised many presidents before. would you not tell him to stand up to his opponents? >> i would not tell the president of the united states to veto a short term debt ceiling. if, as a result, i'm going to throw my country into default over what? the president is willing to accept a clean debt ceiling with nothing. now boehner is going to give a debt ceiling with $1 trillion in cuts. why would he reject the good because it's not the best? >> my advice -- i think, pat, we've had this discussion on the show. pat and i sparred a bit in the last two weeks. i think pat, unfortunately, for the democrats standpoint is right. i don't mean you're right. you're more right this morning than wrong. if the president has to accept a short term plan which is looking more and mo
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they are in crisis mode. a big vote coming this afternoon in the house. members will consider speaker john boehner's debt bill. but even if he can rein in tea party members to get it passed, 51 democratic senators vowed to block it. >> if this debate continues to be driven by the extremes, well, whether we go off the cliff august 2nd or go off the cliff at the end of the year, we'll be at the same place. >> i've got a little rebellion on my hands every day. it comes with the territory. >> you're not worried. >> never let them see you sweat. >> i think we'll end up in a stalemate. i anticipate that the boehner bill will get through the house today after he's pushed his folks kind of hard, and then it will be dead on arrival once it gets to the senate. >> of course, time is running out. default just five days away and things are getting so bad the u.s. treasury is now weighing which bills to pay if the country defaults. michael the correspondent for "washington post," and louise story, according to politico republican leaders are very prepared to say to the president take it or leave it. and if he l
the spending part is a real big issue for a lot of american people. >> isn't it also the issue revenue, michael, they're not just talking about spending. they were talking about revenue when reid said, okay, fine, to the chagrin of some of es, said i'll take revenue off the table. >> what does that tell you, reverend? then you say no, we don't want to do that. >> but what does that tell you? the president has been all over the place without a plan since the beginning of is the year. the fact of the matter is at one point he wanted a clean debt bill, then was willing to accept one. at one point think say we want taxes, and then reid puts out a plan that, yeah, we'll do that. the only consistent argument that has been made is made by republicans saying no to the spending. >> no if it's reid, no if it's boehner, i mean -- >> where it gets back to the plan -- he'll sign it. >> michael, i don't understand how, in the face of the data of the american people is it that the republicans are tone-deaf or just don't care? >> i don't know. >> i don't know what kind of constitution these house republicans b
'm a little bit of a restaurant of history. and there are a lot of real big things that have been gone in this country by executive order. president truman up until this point my favorite president of all times. integrated the armed services by executive order. couldn't get the congress to do it. there seemed to be little support for it my hometown senator left the democratic party buzz he did it and ran for president as a states rider. but the president did it. it was a bold move and as far as i can tell people like colin powell are very thankful that president truman did what he did. >> in the current case let me ask you about the whip count you were the whip and still a great vote counter are you and steny hoyer and nancy pelosi going to give john boehner an exit strategy with some democrat votes since it's clear he doesn't have enough votes just relying on republicans? >> if he were to come to the floor with a bipartisan bill, i think he would get bipartisan support. right now he's running this on his own within his own caucus. he is not involving nancy pelosi or steny hoyer or you
bachmann's job performance. >>> and rush limbaugh, hot air. hits a new high. his latest attack on big government is our con job of the day. >>> welcome to the show, i'm al sharpton. tonight's lead, are we closer to a deal or disaster? president obama and house speaker john boehner may be nearing a deal for a new grand bargain on debt limit. the president is meeting with democrats right now at the white house. presumably to talk about the deal. but any agreement would have to get past the tea party republicans in the house. and democrats say, they have a problem. >> the loudest shrillest voices from the republican party are not leaders but tea party extremists. >> they group of ideal ogs have grabbed the reigns and refuse to let go. it is the group who alone wants to drive the car off the cliff. >> but now, even boehner is saying republicans must compromise. >> i believe congress must act before august 2nd and i hope we are prepared to do that. at the end of the day, we have v a responsibility to act. >>> if the united states of america's debt rating gets downgraded, every interest rat
and msnbc's coverage continues right now. >>> tax grab -- big airlines decide not to pass on savings from the temporary government tax halt to consumers. >>> and sticker shock -- a japanese department store offers one of the most expensive box lunches ever. good morning, i'm amara sohn, those stories and more are straight ahead on "first look" on msnbc. >>> we begin this morning with dueling over the debt. president obama and house speaker, john boehner escalated the battle over the debt limit last night. they both appealed to american television viewers in speeches that reflect the two sides being farther apart than ever on the issue. nbc's tracey potts has more from washington. >> we're now one week away from the deadline for default and it looks like the white house and congress are no closer to a deal. >> this is no way to run the greatest country on earth. it's a dangerous game that we've never played before. and we can't afford to play it now. >> reporter: president obama is taking his behind closed doors fight public, urging taxpayers to pressure republicans into co
is the big bad government is a threat to us. the consumer protection bureau as most americans understand is the government protecting them from abuse by private financial institutions. and they are terrified that the public will see that there is value to a public institution that can prevent them from being abused by private institutions because it undercuts the whole rationale that the government is always bad, always a problem. and that's why we are fighting so hard for it. >> congressman barney frank, democrat of massachusetts, ranking democrat on the financial committee. thank you for your time tonight. >>> texas governor, and gonna run for president guy, rick perry made a very surprising decision today that is going to upset some of his most ardent supporters. i'll tell you about it with a smile when i come back. >>> there are two things happening in rick perry's political life that are on a collision course. the first thing is that he plainly is going to run for president. he is leaking to the press that his wife wants him to run, she is actively encourage ing him to do it. he jus
congress in high esteem. >> we as the new majority in the house. >> failing on the big things is something they choose to do. >> we implore them. murdoch is also note blame. >> insisting that he is not to blame. >> london calling. >> tried to pass the buck. >> he doesn't stack up. >> the 80-year-old appeared confused. >> here said yes, i'm in charge. >> someone tried to get i believe to rupert murdoch. >> a man with a shaving cream pie leaps past her husband and attempted to smash rupert murdoch in the face. >> that are looks like a spice. >> can you say it was glitter. >> as the deadline for raising the debt ceiling grows closer, house republicans chose to spend this day in debate and on a floor vote on a bill that the president has promised to veto if it somehow miraculously passed the senate, which it won't. republicans are not calling it the cut cap and balance bill because it drastically cuts spending and caps future spending and would guarantee future balanced guj et through a balanced amendment to the constitution. that would require a $2/3 majority. it was a debate over a bill that
way to do this, traditional way to do this to where we are now which is how big a deficit reduction package should accompany it. >> well, i think as the speaker of the house is discovering tonight, it is the reality we all live with here in washington, lawrence, which is this is a divided government, a two-party system. nobody gets entirely what he or she wants, and yes, if we had been doing this in the normal way as has been historically done, there would have been a clean debt ceiling vote, which has traditionally been unpleasant vote often for members of congress, but routine, noncontroversial, and certainly not tied to any deficit reduction package or any other measure for that matter. what happens is the speaker of the house made clear and republicans in general that they were linking the willingness to raise the debt ceiling to significant deficit reduction. as you know for a long time, we rejected the link, but because we believe we need to reduce our deficit and get our debt under control. we also worked concurrently as we moved through the spring and into the summer on prop
and defending tax loopholes for millionaires and big corporations is what republicans have called for. they need to meet us somewhere. >> thank you, congressman steve israel. >> thank you. >>> joining me now, "washington post's" chris, author of "the fix." a managing editor also. let's visit this grover norquist issue. i think on tuesday in an interview with your "washington post" editorial board, grover norquist, the man famous for his anti-tax pledge, said that not renewing the bush tax cuts would not violate his pledge. listen to some of that audio released. >> not continuing a tax cut is not technically a tax increase. >> stow does not violate the pledge. >> we wouldn't hold it that way. it would be a very bad thing to do. it would raise taxes from where they are today. >> who don't follow the inside baseball the way you and i eat, drink and sleep it. what is the significance of grover norquist saying that? >> for people who don't know, grover norquist since 1985 has run a group called americans for tax reform pap d.c.-based group that does a lot of thing. basically, to hold the line on no t
. >> whether you get the big or not, you know this won't pass the senate. >> i don't know if it will or won't. >> do you believe we should raise the ceiling? yes or no. >> if the senate is responsibility, then cut, cap and balance will pass. >> let me ask you a question -- do you agree with the president that we need to raise the ceiling, president obama? >> i will vote to raise the debt ceiling if we address the long-term issue of federal insolvency caused by -- if we do not address the long-term issue, the risk associated with piling on higher and higher debt loads, if we don't address that, then, no, sir, i will not vote for the debt ceiling. >> ronald railinger, who was someone i'm sure you admire, let me show you what he said about the dead ceiling, maybe you should tell your colleagues this. >> i'm familiar with this quote. >> congress consistently brings the government to the edge of default before facing its responsibility. this brinksmanship threatens the holders of government bonds, those who rely on associate security and vet ran benefits. the united states has a special responsi
the economic and political benefits of a big deal now and one that maybe included stimulus and one that would have resuscitated the brand as a post-partisan leader, and one that would have taken the deficit off of the table for election of 2012. a good deal? maybe for the democrats who like bad deals and yet, he might accept it. joining me is senator kent conrad to talk about the deal. senator, welcome. >> good to be with you, ezra. >> this is the reid/mcconnell deal and not just the mcdonnell deal, and billed by republicans and democrats alike, so what do the democrats see in it? >> i think that about the only thing that anyone can see in it that is positive is averting the catastrophe that would come to the country if we did not extend the debt ceiling and if we fail to meet the obligations and fail to pay our bills, interest rates would spike, and markets would crash, and the economy would flounder. we would be in a very serious situation going forward. so, about the only good thing that it does is to avert that kind of catastrophe. >> but then, what is -- and i agree with you completely o
, bill. >>> a big euro debt deal. a new owner for chrysler and a royal dash duty free, your look at business headlines is straight ahead. >>> coming up, washington fans actually happy jason worth is struggling and nfl owners are ready for football. but are the players? you're watching "first look" on msnbc. [ female announcer ] now you can apply sunblock to your kids' wet skin. new neutrogena® wet skin kids. ordinary sunblock drips and whitens. neutrogena® wet skin cuts through water. forms a broad spectrum barrier for full strength sun protection. wet skin. neutrogena®. >>> welcome back to "first look." i'm lynn berry. here's some of the top stories making news this morning. senior defense officials tell nbc news today the pentagon will announce that both secretary of defense leon panetta and all of the joint chiefs have certified the military is ready to repeal don't ask don't tell. president obama signed the repeal of the military's ban on openly gay troops in december. since then, the military has been preparing personnel for lifting the ban. >>> a new cnn poll shows 64% o
mean, it ain't $4.7 trillion. you know how big this is? this is bigger than the health care bill and the stimulus package two times over. this is the largest can cut that's ever been proposed by any president in the history of the united states. and boehner turned it down. now, you tell me, do you think they really want to do a deal? now, this ship has left the harbor. but at a time, this is where the president was ready to go. and to visualize that and what it means to the american people is amazing. and what does boehner do? he comes back on national television and says that it's president obama who is creating the crisis atmosphere. >> obviously, i expect that bill can and will pass the senate and be sent to the president for a signature. and if the president signs it, the crisis atmosphere that he has created will simply disappear. >> let's see. i've never written one of these before. four -- how do you do that? do you just put a point there or do you do that? i've never written one this big. four point seven trillion and zero dollars, right? they turned that down. nancy pelo
the possibility of doing something bigger. >> look, here's where things stand. there are three different big deals out there. number one is what the president and speaker boehner and eric cantor are negotiating, which is, yes, a big deal that is separate from anything the gang of six in the senate is working on. and then of course there's mcconnell-reid. one thing that's going on in the last 24 to 48 hours, is any deal that's mcconnell-reid that includes this idea of sort of the disapproval vote, giving the president more power to raise the debt ceiling, that thing has grown to the point of almost being toxic with some house republicans. in fact, they hate it so much, they may prefer to negotiate with the president directly. but for the white house, getting the 217 means making a deal acceptable to at least some of those houses with 87 new members. the man who's made himself their standard bearer, majority leader eric cantor put it this way. >> one-third of the republican conference and one-quarter of the entire house of representatives are freshmen, they're new. many of them have never served in
pulls the media's strings to avoid the government being called to task for what it's doing? >>> big news today. martin bashir, the mega panel here in new york, msnbc political analyst karen finney, republican strategist susan del percio and martin. doing a tremendous job in articulating the media, specifically news corp. and power in great britain. is a corrupt government by definition something that can only get worse in the face of a corrupt media and are we now seeing that be revealed? >> interesting to hear rupert murdoch to describe him visy itting downing street the back door both with the previous prime minister gordon brown, the one prior to him, tony blair and the current prime minister david cameron. and on each occasion the members of parliament said, why didn't you come through the front door? and he said, because this is what the inhabitant of number 10 asked me to do. so there was clearly a very close relationship between him and each prime minister. you have to remember that this man's newspapers claimed to be able to swing elections. in 1987 after the general election, th
strong is the right wing here? how big is this pool of people that could produce such a person? >> that pool of people, i would say, is very, very limited. what we see here is a rather extreme single instance, rather than something representative. >> reporter: the maximum punishment in norway for any crime, 21 years in president. if convicted the 32-year-old suspect will be back on the streets when he's 53 years old. >> we'll hear from martin late. >> americans are expressing their support for norway. on saturday mourns are created a makeshift memorial in washington, d.c., where people left flowers, flags, and candles and cards by a statue in front of the norwegian embassy. president obama offered his condolences to the people of norway. >>> golfer suzanne peterson of norway expressed her sorrow by wearing a black arm band participating in the masters in france. the number three ranked play in the world says she's deeply upset by friday's bombing and shooting deaths calling it the biggest disaster in norway's history. >>> for the latest on the massacre in norway, including new
. the white house rejects any sort of nine-month option. despite the drama, is a big deal still in the cards? and as thing keeps reeling, proof congress is broken beyond repair. some say this congress is the worst ever and he's seen lots and lots of bad ones. >>> to the iowa straw poll break the back of a campaign? sure looks like it. tim pawlenty and michele bachmann going toe to toe lashing out at each other. >>> good morning. this is "the daily rundown," i'm which t chuck todd. >>> house speaker john boehner and harry reid have separate plans in the works to raise the debt ceiling before next tuesday's deadline. house republicans are flat out dismissive of reid's plan for a $2.7 trillion cut since a trillion of the cuts are not really new but simply counting the saving from the wind down of the wars in iraq and afghanistan. senate republicans say reid was with them on a two-step increase process, but that the white house shot that down. and the white house says it's all up to boehner to find a way forward. now, pressure is mounting, so is anxiety over the markets. here's white house chief
about doing that are very dramatic. i think there's still time to get something big done. the president's made it clear he wants to do something substantial. you know, when you look in the past at agreements between divided government, it's taken leadership on both sides. it took reagan and o'neil, it took clinton and gingrich. the president is out there, he's willing to do it. he said it in the "state of the union," he said it in the budget. the question is do we have a partner to work with? and i hope the answer is yes. >> but you suspect it may not be yes. >> leadership requires a partner. >> mr. lew, thank you very much. appreciate your time. >> thank you. >> joining me is assistant majority leader of the senate, democrat dick durbin of illinois, and republican senator from south carolina, author of "the great american awakening: two years that changed america, washington and me," senator jim demint. welcome both. >> thank you. >> good morning. thank you. >> tim geithner, treasury secretary, was here last sunday. i asked him about this ongoing deliberation, and he was emphatic about
backed bill included big spending cuts, a cap on spending and a constitutional amendment. >> it's a correct approach. this is fundamentally a spending problem. >> it passed in the house earlier this house. >> this vote the yeas are the 34. >> today majority leader harry reid grudgingly scheduled a senate vote. it failed just as he predicted. >> this is a very, very bad piece of legislation. >> today's vote could clear the way for one of several compromise deals. >> we all know mr. president there are talks going on between president obama and speaker boehner. >> this was a bit of hope yesterday when "the new york times" reported a possible deal between president obama and house speaker boehner. both sides quickly denied it. >> there is no deal. we are not close to a deal. >> there is no deal. no deal publicly, no deal privately. there is absolutely no deal. >> but he didn't say they're not talking about it. >> we've got to keep the lines of communication open. we talked about fall back options if in fact cut, cap and balance does go down. i do think that it's our obligation to h
as long as it's part of a big deal. yesterday, he called democratic leaders and later, republicans to the white house for more talks. gop leaders called those meetings productive. then there's the renewed gang of six plan, which offers a blueprint for a deal. >> devil is in the details. >> it doesn't have the stamp now of the committees on the house and senate side and that is going to be essential. >> but it has problems, too. some liberal members worry about its impact on social security and medicare, and the closed door meetings that led to the plan. >> we are an anti-gang group. we are trying to suppress the growth of gangs. we think that it is not healthy for washington. >> the negotiations could go down to the wire, with the nation's spending power hanging in the balance. >> it isn't perfect but when the alternative is we're going to drive this country over the cliff, i think we got to start with something that actually gets the job done. >> the one thing we've been committed to is getting a solution. >> mike, where do we stand? >> reporter: we're 14 days out. i just got an e
't. >> it could mean big losses on wall street and beyond. asian and european stocks are tight. the ceos of some of the biggest banks are expressing their concern. ceos of banks including goldman sachs, bank of america say this, a default on our nation's obligations or downgrade of america's credit rating would be a tremendous blow to business and investors in an already difficult economic circumstances. steve rattner. >> look, the fact is, this government, at the moment, ironically, at a time when people are saying let's not forget about jobs. this government is doing their best to destroy jobs as we are sitting here. business needs confidence. it needs some idea of what is going to happen. i don't know if you follow what's going out of the faa. there are 4,000 faa contractors out of work because the democrats and republicans can't agree on subsidies. they are just sitting there doing nothing instead of building infrastructure. the republicans and democrats can't agree on one tiny issue. >> there's no level of certainty. all different levels of this country. >> wouldn't that be the goal here, b
. some good news for some. we're lessening the heat, pushing it further south with this big ridge now going to park itself over at least the central part of the u.s., where the heat and drought will continue. right over the state of texas even through wednesday, you can see this little dip in the jet stream. that brings some slightly cooler air, not as hot air into parts of the east here, but right by friday the ridge is going to build back in and we could see temperatures in the low to mid 90s. i certainly don't think any more 90 degree or 100-degree heat, excuse me, but we're still going to see hot stuff. the heat advisories, watches and warnings in effect basically from philly south along the coast and into the nation's midsection where this heat wave has taken the toll. right around two dozen fatalities, unfortunately, from this big heat wave. so it is a big story. and the other big story has been the rainfall here in and around places like chicago where we've had heavy rain, record rainfall yesterday. more problems. and the drought continues across the south, alex, where we wish
as she stepped into the night and into a waiting suv. big smile on her face there. that suv drove away that's the last the public saw of casey. according to attorney chany mason that's some of the last we'll see of her for some time. >> i think if you're waiting to see her in court again, you'd better get a rocking chair. as far as all the rumors about paid interviews and books and movies there's been no truth to any of that. nothing has been agreed to in any capacity whatsoever. >> we're live in orlando, are you getting any clues about her whereabouts? >> reporter: not really. she really did vanish. her team here, her legal team effectively did what they wanted to pull off. she left the jail here, got into that suv, drove down the road right here which was closed off. there was nom news helicopters that chased. but there were a variety of s.u.v.'s out there. when they got into downtown it was sort of hard to keep track of which was which behind the buildings. next thing you know the news choppers lost her in the darkness downtown. then there was at an airport one of the s.u.v.'s had g
, the smaller the people. and right now we have a government so big and so expensive it is zapping the drive out of our people and keeping our economy from running at full capacity. the solution to this crisis is not complicated. if you are spending more than you are taking in, you need to spend less of it. there's no symptom of government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we're up to the task. and i hope president obama will join us in this work. god blets you and your family and god bless the united states of america. >> that was speaker of the house john boehner responding to the speak address of the president of the united states. called a stalemate over the debt ceiling negotiations. speaker boehnor said there was no stalemate, making the case that there was no stalemate simply because he has been able to pass some bills in the house of representatives only that address this with absolutely no possibility of passing that legislation through the united states senate. ignoring the stalemate, he ignored many of the specifics raised
a long way. there's a big difference between requiring higher co-payments for a wealthy medicare recipients than saying everybody in medicare will pay $6500 more, which is the ryan plan. but president went that distance. and i think boehner went back it his caucus. he couldn't get the support. and so the speaker has now become a mouth piece for the tea party. and you're right and dana's right, i think in the end there has to be a deal, maybe there won't be, there has to be a deal, but it will come at the very last second. >> president may have said, let me throw it all on the table. let me rising everything. let me, as he said, show tough leadership. and they still wouldn't do it and maybe it was a chess move to show no matter what, this is about trying to bring a president down than to lift a nation up. could that have been the strategy, dana? >> you know, well, look, the president did give -- how much more could he have done? he gave the republicans everything they were looking for with the exception of saying, hey, come on, give me some face-saving gesture here. give me someth
the bigger the government, the smaller the people. and right now, we've got a government so big and so expensive it's sapping the drive out of our people. and keeping our economy from running at full capacity. the solution to this crisis is not complicated. if you're spending more money than you're taking in, you need to spend less of it. >> the speaker also accused president obama of standing in the way of a bipartisan agreement. reiterating his claim that the house plan is the best option to cut the deficit. >> before we even pass the bill in the house, the president said he would veto it. i want you to know i made a sincere effort to work with the president. to identify a path forward that would implement the principles of cut, cap and balance, in a manner that could secure bipartisan support and be signed into law. and i'll tell you, gave it my all. unfortunately, the president would not take yes for an answer. even when we thought we might be close to an agreement, the president's demands changed. >> and the speaker called the plan put forth wi majority leader, harry reid, quote f
this will not be effecting anyone in the southeast u.s. let's get back to the heat wave because this is the big story of the week. historic heat wave. last week we had a heat wave for a couple weeks but this one will last all week. we have excessive heat warning in st. louis from now until friday. that's unheard of to go that long. huge ridge of high pressure will expand and head to the eastern seaboard where it's going to get uncomfortable as we head to the end of the week into the upcoming weekend. the dangerous heat right now, if you're elderly, the children, you know, day after day, anyone without air conditioning, is going to be in the orangish color. we're used to the heat in the dallas area. it's been 10 0 degrees now 16 days in a row. but you only have heat at vizryes to your north. it's where the humidity is very high. heat indexes will be in the dangerous level from minneapolis, all of iowa, kansas city, omaha, st. louis. how hot will it be? kansas city around 9, same for you in st. louis. when you add in oppressive humidity, it's not your typical humidity. ipts much more humid than it shou
the media has not done a good job portraying how big the taxes are to them. a lot of the member haves a religious fervor that any type of tax increase is not acceptable. boehner going from $800 billion in revenue could beç explainedo go up to $1.2 trillion which is white house suggested that wasn't a number is still open to debate was something is that boehner saw it as one aide told me impossible, a dis, they couldn't move it at all. >> one of if big issues is what are the markets saying and how are they reacting? it's been muted so far. i've talked to people, finance people who basically say that wall street is looking at this and saying both sides are talking about cutting spendsing and reducing the overall debt. so the conversation is at least focused on what they want to see and there's still a belief that they'll get it done before this is all over. i wanted to play a little bit of hillary clinton. she has been traveling throughout the world in asia, in hong kong today. this was her attempt tory assure the markets. >> very interesting choice of words from her. >> as i have tra
connell and president obama needs to figure something out over the weekend. >> yeah. you know, luke, the big difference between the house gop plan and the senate democrat plan is that this balanced budget amendment, that's what the gop wants. beyond that, though, both plans seem to call for spending caps for special committees to find more deficit cuts. they almost seem similar, though, when i posed that to chuck todd, he was, like, yeah, but there are very important big points, and they're far apart on those. do you agree with that? it's one of those things which if you had approached this to a republican last year, they would have signed it in two seconds. the top leadership aides will admit that. to talk about the reid deal. what you see the similarities is trillion dollars in spending, spending caps. the two significant differences, though, are this. it's the balanced budget amendment that was added specifically because the tea party freshmen in the house wanted it in there, and on top of that, democrats do not want to go play for this process again in about six or sech months. they want this to go
could mean big losses on wall street and beyond. for more on today's trading session, a lot of people watching how all this affects markets, geoff cutmore is live for us in london. >> reporter: good morning. you know the markets would like to see some resolution on this, as well. the meant that the boehner deal seemed to be falling apart, we saw the u.s. futures go negative and that's where they remain at this point. the european market open also has been very lackluster. we're in negative territory and it ain't about the earnings. it's all about getting a settlement to the debt ceiling story. >> and a lot of this country's ceos of the biggest banks are starting to chime in. what are they saying? >> reporter: well, it's been a very tough period for the banks as you know. a lot of people still feel they have a big hand in the responsibility for the credit crisis. but so many years away from that, they are looking to gain from a pickup in the u.s. growth story. but if the debt ceiling issue doesn't get resolved, fears that it would hold back invest himself that will mean third quarter a
. but there are two big things. most damaging of all, he was pressed several times on whether he had had any conversations with all of his various contacts and friends at rupert murdoch's company in the u.k. about a $12 billion attempt to buy out the reminder of bskyb, the big broadcaster over there. this was a deal that the british government has quasi-judicial authority to approve or deny. all he could say is he had no inappropriate conversations. he kept using that phrase. frankly, it didn't sound like the members of parliament really bought that line. the second thing, a really explosive claim, that someone in the senior government, a senior government official had been hacked and bugged while andy coulson was there. these kinds of allegations are -- they just keep cropping up every day and it doesn't look like this kind of statement or investigations are going to end any time soon. >> yeah, we could be early in the game at the moment. michael, i want to play some sound from yesterday's testimony, what we heard there in parliament. take a listen to this first. >> i don't know. i am now a
. the big question is there any relief in sight. alex wallace has an update. it's the duration that we're concerned about here. >> absolutely, you know if it was one or two days we could take it. we've complained but we can handle it. unfortunately we're talking about all the way through at least the end of next week having to deal with this heat and because of that we got excessive heat warns that stretch as you mentioned right in the mid-section of the country. already this morning out there for us we have very warm feel like temperatures, feels like right now this early morning in minneapolis, 91 degrees. we're only going get hotter as we get into this afternoon. sunday afternoon highs from texas all the way to the northern plains, triple-digit heat, rapid city dealing with that. once we work our way into monday, working with 100 in oklahoma city and start to to see some of this heat begin to spread its way to the east. some areas that are not too bad by the end of the week will feel pretty hot in a lot of those areas. we're tracking some rain. much needed rain along the gulf coast.
. all the drugs you just mentioned. >> most people would say hey, look, it's marijuana, what's the big deal? >> it's more potent now than ever. the days of the former arguments about it being a mild drug that everybody uses, those days are over. >> he says controlled conditions and sophiscated growing techniques have made marijuana tronger and therefore more dangerous. the government considers it a gateway to more serious drugs and spends millions of dollars a year on marijuana law enforcement. pro marijuana groups argue in the cases of more potent pot users adjust their intake and smoke less. they say there's no evidence that marijuana leads to harder drugs. as for the government's war on marijuana, they say it's expensive and has had little effect on the millions of users. >> a a drug war raging in our national parks and forests. >> kept thinking if i turn my back, i'm going to get a bullet in the back of my head. it's salonpas. this is the relief i've been looking for. salonpas has 2 powerful pain fighting ingredients that work for up to 12 hours. and my pharmacist told me it's the
even though their plan is not as big as they wanted it to be, but a short time ago senate majority leader harry reid warned that the bill will be rejected in short order. >> as soon as the house completes the vote tonight or this afternoon, the senate will move to take up that message that they sent to us. it will be defeated. they know that. >> so, no word as of yet from the president today on the standoff. earlier today, press secretary jay carney said that any bill would have to absolutely extend the debt ceiling until 2013, and nbc's kristen welker joins me from the white house. also in the press briefing, jay carney said that the bill being worked on right now is d.o.a. when it reaches the senate. >> yes, that is right. hello, thomas. good afternoon to you. he said it is d.o.a. and 58 senators have said they will come out to vote against it and he reiterated the call that the white house is not going to get behind anything that is not a long-term increase of the debt ceiling. but you know, people have been pushing this on this saying that past presidents have increased the deb
't mean anything in the big picture other than being very successful in getting the democratic senate and the white house to start talking about spending reductions as opposed to just raising the debt ceiling, so we have been successful that way. but ultimately because the's di don't have a parliamentary system -- >> you just said this word, i just saw jim demint this morning on another news program talk about, you know, no, you know, said no to the boehner plan and he's arguing against the boehner plan, campaigning against it. what do you tell folks who look up to jim demint in that republican conference of yours? >> well, first of all, i think the majority of our colleagues believe that it's important to give our leadership support, number one, number two, when people really stop to think of how far we have moved the discussion from raising taxes to only lifting the debt limit to being able to cut spending at the same rate, then they have to consider it as being quite successful, i think. but at the end of the day, i do believe that my colleagues think that the country has to come f
, as republicans, as the new majority in this house. >> failing on the big things is something they choose to do. >> we emplore the other side to get serious. >> when is the house going to stop the charade? >> the gang of six is still trying to lead. >> it's a far cry from the paul ryan budget. >> we thought this was the gang of six, dead and buried. >> now the gang of six is a gang of seven. >> two parts, there's always a second act. >> gotten rave reviews from a lot of folks. frlgs colleagues really liked it. >> when does somebody have to say uncle? >> murdoch is also not taking the blame. >> insisting that he is not to blame. >> london calling. >> tried to pass the buck today. >> just doesn't really stack up. >> the 80-year-old also appeared confused. >> he said yes, i'm in charge of this company. >> somebody jumped over to, i believe, get to rupert murdoch. >> somebody with a pie, wendi murdoch leaped past her husband. >> she's feisty, i've met her. >> if i remember correctly, that looks like a spike. >> you can always say with glitter. >> as the deadline for raising the debt ceiling grows c
administration, and so in terms of the general framework, everyone is on board, and the big obstacle has been that while we are willing to give the president a little running room to discuss that framework, the republicans have said no to even talking about the revenue piece. >> and yet there is some anger, isn't there, from democrats about the extent to which the president is prepared to compromi compromise, but isn't he right the do so given the perilous state of the debt ceiling discussions and the impending deadline? >> well, first of all, there is no agreement. there are a lot of rumors flying around about what may or may not be in an agreement. for example yesterday there was a story that the white house agreed to $3 trillion in cuts and no revenues and that is what understandably got a lot of people worked up. the white house has been clear today and from the beginning that any balanced plan is going to require real revenue. so i think that it is important for us to, you know, focus on what the president says actually will be in the plan and not what some of the rumors suggest. again,
the will of the house the go forward? >> indeed. that is one of the big m.o.s when he came into the house, and said so much hot air in the place, and let the people's voice be heard and it is the people's house, and they would be ultimately be heard, and he realizes the stakes on the debate of the debt, and if this is not out of the house of representatives, they have nowhere to go as a house of conference and it reflects poorly on his leadership to show that he cannot stop the influence of some of the most far right members of party who tried to undercut him and undercut members of defense by soliciting outside interest groups to get them to vote against the bay no bioehner bil. it is the march of the 216. >> and luke, loud mouth, thank you for the moment. can i come to the silver fox, mike viqueira. >> he is the silver fox. >> and you were at the press conference with jay carney and how was tlit? >> well, a 20th figure once said, we are seeing politics is the most gruesome effect. and this is sausage making up here. this thing is not going to be resolved today or tomorrow or this weekend and the two
with political philosophy in the house. as the debt line approaches and house republicans are going to have a big choice -- they picked this fight with the president for a reason, the debt limit is not going to be raised unless we do something on the deficit projections now and in to the future. but the problem with the house republicans is, they never answered affirmatively in a politically sa political politically saliable way what the a the answer should be. you have to have a plan that can pass both chambers and the president can sign. otherwise, you're talking past the other party. >> the question is, nicole, what is republican position right now? at the end of last week, we had republican leaders on in the house, guys i like very much personally. been a champion of paul ryan. back from the time i met him, in 1994. but we ask, what do you want? and their position was, it's not enough to close the tax loopholes. we've got to cut tax rates, income tax rates for individuals and corporations. that's not going to happen in 2011. they know it's not going to happen. i say, okay, let's say you got t
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